Newton’s CommonWealth REIT has reported $60.2 million in funds from operations (FFO) for the quarter ended June 30, compared to $63.9 million in FFO for the same period last year.

The company reported a net loss of $2.7 million for the quarter ended June 30, compared to $46.9 million for the same quarter last year. Net loss for the quarter ended June 30, includes a loss of $21.5 million on asset impairment, partially offset by a gain of $11.5 million on sale of properties. Net income for the quarter ended June 30, 2009 includes gains of $33.5 million from early extinguishment of debt and the sale of properties.

FFO for the six months ended June 30 was $120.2 million, compared to $126.7 million in FFO for the six months ended June 30, 2009.

As of June 30, 86 percent of CWH’s total square feet was leased, compared to 86.6 percent as of March 31, 2010 and 89.1 percent as of June 30, 2009.

CWH signed lease renewals for 968,000 square feet and new leases for 286,000 square feet during the quarter ended June 30, which had weighted average rental rates that were 6 percent below prior rents for the same space. Average lease terms for leases signed during the second quarter were 5.4 years.